Today is the type of day where drinking until blacking out is healthier than checking the value stored in any wallet.
The 2018 run of the first ATH of crypto came and went, peaking a few heads. The 2021 where it hit new heights brought in a tidal wave of new faces to the crypto world who came for the greed of it, understanding next to nothing about anything else about it. Like a bunch of horses getting spooked by the wind causing other horses to get spooked, a few bad tweets have sent paper hands flying.
This was bound to happen, it’s what kept people out in the first place. Bitcoin’s insane price chart when it look like a person having a panic attack was linked up to a heart rate monitor. Now it was a good run, life happened like it always does not everyone is running to the hills to avoid losing everything.
We are still every early on in crypto, but not that early on. The secret is out, and those who once called it a scam are diving into it as fast as their money will take them (we see you banks). This may be the last time any of these coins will ever be this cheap as either it will burn in flames or rise for another time to a height unseen, and this time, it will stick.
I am for the latter. People may ask the question where is there any application to this during a crunch but Venezuela seems to be using these coins just fine as a form trade since hyperinflation took their currency to useable lows.
A bunch of people who thought they could buy in and become millionaires in three months will not define where it goes. The HODLers are standing firm now, enjoying the ride, pouring in where we can.
Maybe this will be defining part of the new financially well off in a few years. Those who were smart enough, yet simply, stubborn enough to get through the red, to see the green.